GIC — what changed in the latest 10-Q
A section-by-section comparison of GIC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-03 vs the prior 10-Q · 2026-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −20 | ~45 | 23 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~5 | 12 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-03
Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual f…
The Company's net sales increased 10.2% to $389.5 million during the quarter ended September 30, 2026 compared to $353.6 million in the same period last year. Net sales growth was led by our largest strategic accounts and our industrial and retail verticals. U.S. sales increased 9.3% for the third q…
There were 64 selling days in the U.S. in the third quarter of 2026 compared to 63 selling days in the third quarter of 2025. There were 192 selling days in the U.S. for the nine months ended September 30, 2026 and 191 selling days for the nine months ended September 30, 2025. There were 63 selling …
Gross margin was 35.7% in the third quarter of 2026 compared to 35.6% in the same period last year. Gross margin in the third quarter of 2026 benefited by approximately 60 basis points from tariff refunds recorded in the quarter. Transportation costs remain elevated with fuel costs up substantially …
For the nine months ended September 30, 2026, gross margin was 36.9% compared to 35.9% in the same period last year, benefiting by approximately 200 basis points from tariff refunds recorded in 2026. Margin performance also reflects the impact of incremental transportation costs, including ocean fre…
Text removed vs the prior filing · source: 10-Q · 2026-08-04
Consolidated operating margin from continuing operations12.8%9.3%3.5%9.5%7.6%1.9%
Net income per diluted share from discontinued operations$0.00$0.00NM0.030.00NM
Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual f…
The Company's net sales increased 7.7% to $386.6 million during the quarter ended June 30, 2026 compared to $358.9 million last year. For the six months ended June 30, 2026, net sales increased 8.4% to $737.0 million compared to $679.9 million last year. Net sales benefited from both price and volum…
There were 63 selling days in the U.S. and Canada in the second quarter of 2026 compared to 64 selling days in the U.S. and 63 selling days in Canada in the second quarter of 2025. There were 128 selling days in the U.S. and 126 selling days in Canada for the six months ended June 30, 2026 and 2025,…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice